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Technical situation

Recommendation

Short term comment

It should be pointed out that the loss of the short/mid-term previous support located at 4.69 has damaged the long-term structure, turning to bearish for every analysis term; however, some slight exhaustion of the bearish bias is detected in very short terms, although any positive bias would be lost again if it should lose 2.16.

Long term comment

From some months ago, long-term scenario remains bearish. Exhaustion signals that could alert for an upwards trend turn, furthermore, are not yet noticeable.

Indicator

Previous

Current

Signal

Comment

RSI 7

70.93

75.03

The RSI 7 points an overbought situation (bullish trend is fragile).

RSI 14

59.07

62.44

The RSI 14 doesn't show any sign of overbuy/oversell.

RSI 21

50.88

53.57

The RSI 21 doesn't show any sign of overbuy/oversell.

RSI 50

41.58

42.83

The RSI 50 doesn't show any sign of overbuy/oversell.

RSI 200

41.97

42.25

The RSI 200 doesn't show any sign of overbuy/oversell.

Fast Stochastic

n/a

n/a

Intermediate zone for the indicator, no exhaustion signal.

Slow Stochastic

n/a

n/a

Intermediate zone for the indicator, no exhaustion signal.

Simple Moving Average 7

2.41

2.50

Extremely bullish very short-term trend.

Simple Moving Average 21

2.35

2.38

Extremely bullish short/mid term trend.

Simple Moving Average 50

2.54

2.53

Bullish mid-term trend.

Simple Moving Average 200

4.69

4.68

Bearish long-term trend.

Exponential Moving Average 7

2.46

2.54

Extremely bullish very short-term trend.

Exponential Moving Average 21

2.42

2.46

Extremely bullish short/mid term trend.

Exponential Moving Average 50

2.42

2.46

Bullish mid-term trend.

Exponential Moving Average 200

2.42

2.46

Bullish long-term trend.

MACD Line

-0.04

-0.01

Price following bearish trend.

MACD Signal

-0.11

-0.09

Price following bearish trend.

Bollinger 95

n/a

n/a

Bollinger 99

n/a

n/a

Double Exponential Moving Average 7

2.34

2.38

Extremely bullish very short-term trend.

Double Exponential Moving Average 21

2.47

2.47

Extremely bullish short/mid term trend.

Double Exponential Moving Average 50

2.47

2.47

Bullish mid-term trend.

Double Exponential Moving Average 200

2.47

2.47

Bullish long-term trend.

Divergences

n/a

n/a

NO

On Balance Vol.

-52,875.16

-56,704.03

OBV is bearish.

Momentum 7

0.53

0.49

Extremely high rising speed in the very short term.

Momentum 7

0.45

0.48

Extremely high short-term rising speed.

% K Williams

14.93

9.33

Overbought, would favour a bearish turn.

Priority

Date

Notification

08/06/2020

RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.

23/04/2020

It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal